Wealth and Legacy Planning

A trust is a private legal arrangement that can be established in different jurisdictions to protect and manage assets. It is widely recognized as a reliable structure for ensuring that wealth is preserved and distributed according to the wishes of the person who creates it.

 

There are three key roles in a trust:

​

1.   Settlor – The person who sets up the trust and contributes assets to it.

2. Trustee – The individual or institution appointed to manage the assets in accordance with the terms of the trust.

3. Beneficiary – The person or group who benefits from the trust, typically by receiving income, assets, or other distributions.

 

To establish a trust, the settlor and trustee enter into a trust agreement, which is a legally binding document. Trust agreements are generally robust and difficult to challenge. Compared to other legal instruments such as wills (which may be contested), contracts (which can be breached), or informal agreements (which may be revoked), a trust offers a higher level of certainty and protection.

 

Trusts are often selected based on the individual's goals—whether it's asset protection, tax optimization, or legacy planning. Offshore trusts, in particular, are valued for their privacy and legal resilience, especially when structured with experienced professionals who understand cross-border considerations.

​

In summary, a trust is an effective solution for safeguarding assets, managing wealth, and ensuring smooth succession planning across different jurisdictions.